First 38 Studios Auction Raises $180,000

The first of three auctions selling off 38 Studios’ assets brought in total sales of about $180,000.

The October 16 auction took place in Timonium, MD, and revolved around property belonging to Big Huge Games, the Maryland-based subsidiary of 38 Studios. Items auctioned off included office furniture, computers, televisions, and game consoles. The highest-selling item was an animation suit that sold for $9,500. Over 300 people attended the auction, with 200 more following the bidding online.

Richard Land, the receiver for 38 Studios in the auction, said:

“In my experience, Monday’s auction can be considered robust. Having this many bidders helps to extract greater value for the property.”

The next auction is scheduled for October 23 and will see similar items put up for sale. The third and final auction will concern 38 Studios’ intellectual property and is expected to take place in about three months.


via The Verge

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1 Comment on First 38 Studios Auction Raises $180,000

Zach

On October 20, 2012 at 4:19 am

I predict that the the auction will raise the most; due to corporate love of buying IP and then sitting on it forever just so no one can have it.